Cost of Turn Over Calculator

While the more visible costs such as recruiting, onboarding and
orientation are well known it's often the hidden costs that most
companies never take into consideration.

This calculator will help identify the most common costs incurred
and allow you to determine how much impact employee turnover is
really having on your bottom line.

1) Enter your information in both numerical (1,000) and currency
values ($1,000) in the green shaded boxes only. If uncertain, enter
a reasonable estimate for that category.
2) Once you have entered all information, click to compute your cost of turnover.

Costs are rounded to and calculated in U.S dollars.

Calculating benchmark employee cost

Departing employee annual base salary:

<- Enter salary here (xx,xxx)

Calculated annual benefits cost:

Estimated at 20% of base salary

Calculated monthly salary + benefits:

Calculated daily salary + benefits:

Based on 230 (8hr) working days

Cost of 'covering' a vacant position (Calculated costs
of other employees 'filling in' while the position is vacant)

Number of days until the vacant position is filled:

<- Enter number of working days

Calculated daily cost of 'covering' a vacant position:

33% of departing employee's daily salary + benefits

Total cost to 'cover' vacant position:

Cost to fill a vacant position

HR/Hiring manager's annual salary:

<- Enter salary (xx,xxx)

Calculated HR/Hiring manager's hourly rate:

Based on 230 (8hr) working days and 20% fringe rate

Cost of advertising (online and/or print):

<- Enter cost (x,xxx)

Cost of resume screening:

<- Enter No. of hours

Cost of interviews (telephone screening, 1st and 2nd):

<- Enter No. of hours

Cost of behavioural and skills assessments:

<- Enter cost ( x,xxx)

Cost of background checks (criminal, credit, reference, education):

<- Enter cost ( x,xxx)

Cost of travel/moving expenses (if applicable):

<- Enter cost ( x,xxx)

Total cost to fill a vacant position:

Onboarding & Orientation cost

Trainer/Manager annual salary:

<- Enter salary here ( xx,xxx)

Calculated trainer/manager daily rate:

Based on 230 (8hr) working days and 20% fringe rate

Total training days:

<- Enter number of days

Total onboarding and orientation cost:

Cost of productivity ramp-up
(During the first 3 months, an average new employee performs
at 50% productivity of a tenured top performing employee)